Fannie Mae is always on the look out, like any servicer, for the best solutions that in the long run lose them the least amount of money. Commercial owners and owners of investment properties rarely see the benefits of these programs. Since October of 2009, a little more than a year ago this date,...
Posts Tagged ‘ Investment ’
HAMP: New Changes to Investor Income Valuation, Government reviews and has found clarity.
In an odd turn of events HAMPs guidelines have changed possibly this time for the better. Changes have recently taken place to help try and bring that 18% of successful workouts up a little and this time it’s including Investors. Now before you jump for joy they are not expanding this to include investor...
ACG works with Investor Properties (Non-owner occupied) and Chase to save homes from foreclosure.
Similar to the Indymac non-owner occupied or investment loan modifications are rare at most lenders unless you know the right people. Well at Chase this is no exception. Chase has adopted many of it’s own practices from the new current HAMP/Government program. These modifications are actually completed under Chase’s slightly adjust guidelines but has...
Ocwen: No Short Refi For You!
Ocwen Financial Corporation feels that even in the midst of a financial collapse that they are not going to offer their clients the option to short refinance. In many cases this type of decission is up to the investor, whether or not to allow the short pay off, but it seems that there is...
IndyMac (One West Bank) not sure if they are coming or going.
Don’t ask IndyMac about what they are doing for their own loan modifications these days because they don’t know. Prior to the Making Homes Affordable Plan (MHA – Obama Plans) and prior to any talk about the HASP/HAMP programs there were regular loan modifications. Some of these loan modifications consisted of principal capitalization, rate...
America’s Servicing Company Mortgage Insurance Policy
Mortgage Insurance and Premium Mortgage Insurance are instruments that are used to secure the bank’s investment in it’s customer’s homes when the borrower initially borrows over 80% of their property’s loan to value. These claims may vary in different types of coverage depending on the thresholds set at their inception. An example of this...
Financial Peace of Mind
It’s that dreaded time of the year again, time to start preparing your tax returns. Since 2008 was one of the toughest years in the history of our financial markets, this also may be a time that many of us learn exactly how much of a hit our investments and retirement accounts actually took...